This site offers insight on alternative investments besides Wall Street. This includes tax deeds, tax liens, and other types of foreclosures.

Sunday, January 28, 2007

What are tax lien certificates?

Plenty of people made their millions by investing in real estate; however, not many know that you can invest in this field without much capital. Ever year, properties are taxed for their value and every year, people fail to pay their taxes on time, incurring interest and penalties either due to financial issues or they just misplaced the tax bill.

If you are late on your property tax bill, the county government seeks investors to balance their budget. Your tax bill will be bought by an investor and when you pay your tax bill with penalties and interest, the net proceeds go to the investor.This investment venue is little known because government agencies stink at marketing. But that doesn't mean you can't take advantage of it!

Remember, without tax lien investors, many counties would have smaller budgets, hurting schools, police, roads, and other public services.